NonprofitsCommunity Affordable Housing Equity Corporation

Housing & Shelter

Community Affordable Housing Equity Corporation

RALEIGH, NC

Total revenue

$17.8M

Total expenses

$17.0M

Net assets

$23.1M

Grants received

$28K

2 grants

EIN

561805915

Tax year

2024

Mission

Promote affordable housing and communities for the benefit of low/moderate-income population.

Programs

1 program

IN 2024, CAHEC'S COMMUNITY INVESTMENTS TOTALED $825,254 TO RESIDENTS, COMMUNITIES, DEVELOPMENTS, AND ORGANIZATIONS. These initiatives, administered and funded by CAHEC, are (i) for the benefit of the residents who reside in the developments that CAHEC invests, and (ii) designed to empower residents by encouraging them to set and achieve goals, strengthen job skills, and take care of their community.

Expenses: $825KGrants: $208K

Financials

FY 2024

Revenue

Contributions & grants$188K
Program service revenue$17.4M
Investment income$214K
Other revenue
Total revenue$17.8M

Expenses

Grants paid$208K
Salaries & benefits$10.9M
Fundraising
Other expenses$5.9M
Total expenses$17.0M
Total assets$28.3M
Net assets$23.1M

People

19 listed

NameRoleCompensation

Dana Boole

President and CEO

Board

$705K

40 hrs/wk

Erin Griffin

Chief Financial Officer

Board

$343K

40 hrs/wk

William Mayo

Vice President

Board

$314K

40 hrs/wk

Sonya Prear

Vice President

Board

$297K

40 hrs/wk

Robert Landis

Sr. Vice President

Board

$239K

40 hrs/wk

Margaret Penn

Secretary & Treasurer

Board

1 hrs/wk

Keith Nisbet

Board Member

Board

1 hrs/wk

John Rucker

Board Member

Board

1 hrs/wk

Anne Conner

Chairman of the Board

Board

1 hrs/wk

Scott Selig

Board Member

Board

1 hrs/wk

Andrew Bowden

Board Member

Board

1 hrs/wk

Stephen O'Connor

Board Member

Board

1 hrs/wk

William Turner

Board Member

Board

1 hrs/wk

Nate Barber

Vice Chair

Board

1 hrs/wk

George Baker

VP, CAHEC Properties Corp.

Staff

$270K

40 hrs/wk

Marcus Gipner

Manager, Fund Development

Staff

$264K

40 hrs/wk

Brian Oxford

Manager, Community Capital

Staff

$243K

40 hrs/wk

Amy Mallory

Manager, Fund Management

Staff

$242K

40 hrs/wk

Joseph Erdelyi

Manager, Risk Management

Staff

$189K

40 hrs/wk

Independent contractors

Manatt Phelps & Phillips LLP

Legal

$923K

Kutak Rock LLP

Legal

$410K

Net Friends Inc

IT Consulting

$259K

Womble Bond Dickinson (US) LLP

Legal

$148K

FORVIS Mazars LLP

Audit & Tax

$120K

Grants received

Showing 2 of 2

FromAmountPurposeYear
$25K
CHARITABLE DONATION
2023
$3K
Program Support
2023

Funded by

$28K from 2 funders · 2 grants · 2023

Charities Aid Foundation America

$25K · 1 grant · 2023

Enterprise Holdings Foundation

$3K · 1 grant · 2023

Details

EIN561805915
NTEE codeL99Z
Subsection03
Ruling date1997-04
Formed1992
Employees62
Volunteers0
COMMUNITY AFFORDABLE HOUSING EQUITY CORPORATION — Mission, Financials & Grants Received | Grantivo